ISLAMABAD: Pakistan wanted to lessen trade tariff on export goods in the light of Free Trade Agreement (FTA) with China.
Trade Minister Khurram Dastgir is already in China to attend trade Minister’s Conference, where he will meet the Chinese prime mister and trade minister. Dastgir will also discuss the FTA during his meeting with both ministers.
According to sources, Pakistan trade delegation will discuss Free Trade Agreement and its effects on Pakistan after its implementation since 2007. The sources further added that FTA is imbalanced and not in favour of Pakistan.
As per details, last year bilateral trade between China and Pakistan reaches up to $15 billion but Pakistan has a little export volume which shows that the balance of trade in China’s favour. Therefore, Pakistan wants an overview of FTA-I and FTA-II to balance the trade.
